4 Quick Tips for Creating a 401(k)

Demand for employees continues to grow in the high-flying cannabis industry, but the celebration over such news eases once today’s tight labor market is considered. In 2021, <a href="https://www.liveplan.com/blog/great-resignation-small-business-impact" rel="noopener ugc nofollow" target="_blank">47 million workers voluntarily left</a> their jobs, and 43 percent of workers <a href="https://www.pewresearch.org/fact-tank/2022/03/09/majority-of-workers-who-quit-a-job-in-2021-cite-low-pay-no-opportunities-for-advancement-feeling-disrespected/" rel="noopener ugc nofollow" target="_blank">cited inadequate benefits</a> as a factor in quitting. As the cannabis industry is not immune to any of <a href="https://mgmagazine.com/business/human-resources/how-to-combat-budtender-turnover-in-2022/" rel="noopener ugc nofollow" target="_blank">these labor challenges</a>, operators can turn to improved employee benefits to help them <a href="https://mgmagazine.com/cannabis-news/the-search-for-americas-best-cannabis-employers-is-underway/" rel="noopener ugc nofollow" target="_blank">stand out as an employer of choice</a>. Adding a 401(k) retirement savings plan can be an essential tool for attracting and retaining employees. <a href="https://medium.com/mg-magazine/4-quick-tips-for-creating-a-401-k-1a1fb4fe00ab">Website</a>